HomeMy WebLinkAbout0982 Io Ha~e And To Huld thr s~mt, todethrr H~th all and :ingular (al A sum ryual tu the grounJ rcnt~, if any, ncxt duc, plut thr
;he ttnzmrnts, heitditamenls and appurtrnanits thertunto briung- prrmium~ that will next become dut and pa~able on policirs of
~nK ur in anyw~.e appertaining, and ihc re~rrsion and rr~crsiun., firc and other ha~ard insuran~e co~cring thr mortgaged propert~,
: rn~aindrr t~r rcmainders, rcnts, issucs and profits thereof; and plw taxes and asscssmrnu next due on the martg:~ged prnpcrt~
.~l.o all thr e~tate, righi, title, interest, homestead, separate escate, (all as euimated by the Mortgaaa) Iess all sums already paid
, u~~~ssion, rlaim and demand Nhat~ue~cr, as wrll in IaN a+ in therefor di~ided by thr number of months to elapx befnre onc
~ywty, uf the said Mortgagor in and to the same, and e~rry part monih prior to thc date whcn such ground rents, premiums, taxr~,
;hereuf, with the appurtenanres of the +aiJ ~tortgagor in and tu and asussments wi11 become detmyuent, such wms to be held by
:hr ~ame, and e~ery part anJ par.el thrreuf unto the said ~tort- \turtgager in trust to pay said ground rents, premiums, ta~rs, and
::~Kcc ~n fer simple. special asus~ments; and
:\nd the ~tortgagor h~reb~ cu~enants with thr ~tortgaget that Ib) All paymrnts mentioned in the preceding ~uhiection ot thi~
'~r i~ ~ndefeaciblp s~i~ed o( +aid land in fee ~~mrlt; !hat he ha+ fuli ~aragraph and al! paynien~s to tr. r.iadr un:ltr thc ~att sc.~rrd
,~uHer and laW fui nght to .ume~ the camr ~n fee s~mple as hereby shall be added together and thc aggregatc amount thereof
.~f~~resaid; that it ~hall tx law(ul for the :1lortgagrr, at all timrs ~hall be paid bi the ~longagor earh month in a s~ngte ~,a~mcnt to
;~:airabl} and yuietl~• to cnter u~~n, hold, ~cup~, and enjoy said be applied br• the ~tort?ea¢ee to che folluwine i~emc in ~h< <~rdcr
~.ind, and r.er~ part thereo(; that thc land is and will remain frrr set forth:
!rurn all eniumbrances; lhat ~aid ~tortgagor Nil! make wrh fu:- li) ground rents, ta~eti, a~u~,mrnt,, fire .~nd uthtr ha~ard in-
;hrr ac+urancc~ to pro.e the fee +~mplr utle to isid land ~n SaiJ turanre prcmiums;
\t~~rtgagrt as ma~ tx reatiunably reyuirrd, and that taid ~tc~rt- (ii? interest on the nutr ,erure~ hcreb~;
.s~cur due; htreb} futh warrant the n~lr to ~aid land, and e~cr} (iii? :~mortiranon uf the pnn~i~al uf ~aid nutr;
;~ert thrreoi, and will de~en~ thr ~~me ~Ra~n+t the tawful clairn~ uf Iiv1 iate rharges.
ail prr~ons whomsac~rr.
Pro~ided a1Na~s, and these pre,rnt. arr r~r~utrd anJ elel~~rrrd Anr dN~rienc} in the amuunt of iuch agKregetr munthlp pa~-
:j~~~n the fulluHing condiuun~, to Hir. ?nrnt ~hall, unle~s made gcwd h} the ~tortgagor prior to the due
i hc ~turtgsgur ~grec-~ t~, pa~ thr ~lurtgagrr, ~~r ur~ier, thr ~nn~i~,?I ~ate of tht ntxt such payment, consliwte an ~~ent of defaelt
~um uf under thi~ mortgage. The ~lortgagee ma~ ~ollert a"late ~harge"
FOR"IY-NItiE THOI'Sr'~ND FIVE Hl'NDRED nut to cx~eed four .ents (4e) for tarh dullar ISI) of earh paymrnt
`~IX'T1'-FOi':R b no/lODUaltars IS~'~,5h!`,O~ ~ r~u~re than tiftren tl~l day~ ~n arrrarti to io~~r the e~pen+e intial~-
r~f in handl~ng dcl~nyuent paymcnts.
~ r~~~fenied h} a nutr ~~f c~rn date hereuith, uuh ;ntcretit tr,~m
;~~r at the rstr ~~f Tf~y and 0~1F.-NAL? 3. That ii the tutal of the paymerit~ made b} the ~1ar;gagor
~ un~lrr la) uf paragraph : preceding shait et~ced the amaunt of
~~}ments a.tu~ily made b} the !~lortgagte, for ground rrnts, ta~c~
;•:r ~enturn 1 1~• °'a1, per snnum ~~n the un~a~~~ an~ assr,smentti and insuran~e premium~, as the ~au may be,
€ ^.~I~~.r ur~t~l {~aiJ Thr SaiJ ~nncipal and ~ntrre~t tif1JII ~(~J)3hlf ~~i~h et~esL, i( Ihe loan iti ~urrent, at the option of the \tortgagur.
i ;t,< „j TFtFASt'RF; COAST `lORTGACF: CO~PORATTnJihall, he rrcd~~nl on whseque~t pa~mcnts to be made b~ the
~ 1hK~~ fi~~:shore Blvd., Suite r ~1c'rtgagor, or rcfundrd ~o thc \lortgagor. If, hoNe~cr, [he
~ i'ort St. Lucie, Fl~~ri~3a 349~54 munthly pa~mcntti made h~ the \loitgagor ~ndcr (a? of paragra~+h i
~ _ prc~eding +hall nvt be suf~irient to pay~ ground rents, taxcs and 1
` a»eti~ments and insusance p:emiums, as the cast maq be, when
~ ~,~t .u;h ~~ther ~la.r a, ;hr hul~ier i~! thr n~xr ma~ ~ie,:~:~a!r thc same ,hall becume due and payable, then the Morigagor shall
' . nung, :n manthl> intitallmrr:t. of FO['R HE'"2DFtED F i F'C~'- ~'a~ ti~ the ~tortgagcr any amount neccs~ary to make up the defi•
' ~;rn~y, on or tx(orc ~he datc Nhen payment o( w~h ground rent~,
~
~ !~iREE and ~ 1/ IOG =11 ta~t~, aues~mrntz, ur ~nsuran~e prcmiums shall tx due. If at an}
' ~~O~~d~` ~S nrnc the ~tortgagor rhall tsnder to thc ~tortgagcr, ~n ac~ordan~e
t ,~mrncn~~nY on thr iir~t cia} ~~f OCtober , ~y , a~th the pto~isions of thc nute ~c.ured hcreby, lutl paymen: o(
~ ~,:~i i~n thr fir~e da~ .~t ea:h munth therr~tter unu! thc ~rm.ipal 'hc enure indebtedness represtnted tt~trcb~, the ~tortgagee shaEl,
;n~ ~ntere~t are ?ull} paid, e~rept tha~ the final pa.ment `n;i- 'n c~~mputing ehe amuunt of such indebtedneiti, rreCu to the ac-
al and mterc~t, ii nui s~K~ncr ~~~~in~ uf the ilvrtgagor an} balan~t remaining ~n the fund~ a.-
~ pa:J, ~hail hc Jue ~nd t~a~ahle c~n ;ilmu~at~d undtr the pru~uion~ of (a) of sdid paragraph tf
~~,t t~~,~ Septenber ~?fl1H thrre shall be a dcfault undrr any ol thc ~ro~issum of thi~ m~irt-
~nd ~hail ~lu1}, prumptl}, anJ full~ pert~~rrr. ;i~~,hatgr, c~r.ute, ka~r re~uiting in a puhh: ;alt e~f ,he premf~e~ :o~ered hereb},
t !feit, wm~lctr, and :un:pl~ uith and ahiJe h> .~~h en~ c~cr~ if thc ~iortgagec acqu~ret the pmperty other~+iu after dtfau!t, :he
tt:c ~u~ulanun~. agrernier;i~. ~un~fi[iunti, and ~u~rnant~ <if ~s~~3 ~turtgagrt shal! arrl}. at the t~nu of the ~ommrr.cment uf 4urh
~~rurn~5~e~ry r.~~te .irz~! uf ?hi~ m~~rtga~,, ihen this m;~rt~;.i~e an~ thr pr~~:tcdings. <~r at t;:~ tiame t~mc the pru~er(~ is c~therwite ar
e,tate hereh~ ~teatrd .hall ~ra~r end t~~ null and ~~~~d ~auucJ. ehr halance :hen rrrn3i~ing i~ the (ut~de accumulated
ur~der Ia! uf ~~aragra~h ~ pre~rding a+ a.rrdil ag3~r~st thc amount
~nd Ihe tilortRaKur lurther co~enrnh a~ toUu»~: „f Pr~ncipal thcri rtrnaining unpaiJ undtr Said nute
~ 1. 7hat he wiil na~ the indehtr~lnt~~ a~ hcrr~ntKf~~rr ~ru~i~icJ
~ Pri~ile~r is rrti_ned co ~~a~ !hc :1rh:, in µh:~le ~,r in ~er~. ::n .,n~ itiet hc ~ i1i ~a~ all !ates. astc:,mert~, Nater ra,r., and uth:r
' ',S'.:- ~t.•. ,y v.~~,.. , .rtr-,~ mur..~.nal .•Ft~...r; - . r, n :
"K
2. [t~at. i~ nrdcr m~,rc tull~ t~~ ~r~~tcct thc u.urit< <~f ~h:ti rr.,rt ;;;trcu( thr ~turt:agec rna} ~e~ Ihc ~amc: and that ne will . ~
:sKr. the ?furtgag~~r, tugethrr H~th, an.i m a;tuie;un t~~, thc ~-r~~~n~t1~ del~ticr ;trc ~+f!i.:a! ~ccei;tc thcrct~~; fo the ~turtragcr j
x :::~:~n:hl} l~aymtr.t~ undcr the term~ t.l the n~~tr ~:.urcd herrh:, :,n
¢ 'i:e iirci ~la< <~f Ca.h m~inlh unti! (hc :ai~ nuie t. (ul~~ ~~a~d. w;l!
,~e~ tc~ ;hr ~1ui;~a~er th~ I~,Iluuiti~ ,i:rrn T; t
: ~J ~ ~ ~ ( ~ i
: V ~S
~'age 2 of d ~ HUD 92110M 1
a =
w~ ~ fi~. - - ,s ~~~.b:~ ~y~._ •;3,«~.;~a~
_ # =~;c F